NOT LISTED FOR SALE

1502 S Race St Unit 5 Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $94,000 - $114,000

1 Bed
1 Bath
630 Sq Ft
$240/mo HOA Fee

Last Sold March 09, 2023

Last sale price $77,000 $122 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,023/month

220 Days on Market

Highlights

  • 1 Car Detached Garage
  • Central Air
  • 3-minute walk to Blair Park
  • Living Room
  • Heating System Uses Steam

About This Home

As of March 2023

Enjoy the ease of living in this classic one bedroom condo.roof is new this spring Laundry facilities and secure storage in basement. Well kept brick building, yard w/ patios & picnic areas. Across the street from Blair Park, minutes from University of Illinois campus, downtown Urbana, the Urbana Indoor Aquatic Center, Farmers Market, & directly on the bus line. Condo fees include Heat, Water, Garbage, Lawn Services, Snow Removal, Exterior Maintenance, Building Insurance, & Laundry Facilities.

Last Agent to Sell the Property

Andrew Oh

iProperties License #475146502 Listed on: 06/28/2022

Last Buyer's Agent

Scott Meredith

Champaign County Realty License #475137384

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,330

Year Built

  • Built in 1942

Lot Details

  • 697

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 630 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Schools

  • Urbana Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Central Air
  • Heating System Uses Steam

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Myrna Webber Association, Phone Number (217) 403-3409
  • Property managed by CBDR

Pet Policy

  • Pets up to 30 lbs
  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,330

Year Built

Built in 1942

Lot Details

0

HOA Fees

$240 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1942
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 630
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 630
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Number Limit, Size Limit
  • Association Fee: 240
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: CBDR
  • Management Contact Name: Myrna Webber
  • Management Phone: 217-403-3409
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 30

Tax Info

  • Tax Annual Amount: 2330
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Feb 20, 2023
Sold by
Lee Juhyun
Bought by
Perry Cheri R
Seller's Agent
Andrew Oh
iProperties
Buyer's Agent
Scott Meredith
Champaign County Realty
List Price
$92,500
Sold Price
$77,000
Premium/Discount to List
-$15,500
-16.76%
Views
125
Current Estimated Value
$106,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,846
Avg. Annual Appreciation
12.65%

Purchase Details

Listed on
Jul 30, 2018
Closed on
Mar 29, 2019
Sold by
Dakis Anthony G and Dakis Margaret
Bought by
Lee Juhyun
Seller's Agent
Nick Taylor
Taylor Realty Associates
Buyer's Agent
Non Member
NON MEMBER
List Price
$69,900
Sold Price
$55,000
Premium/Discount to List
-$14,900
-21.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Jun 3, 2011
Sold by
Barnett Daniel H
Bought by
Dakis Anthony G and Dakis Margaret
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perry Cheri R $77,000 --
Lee Juhyun $55,000 Attorney
Dakis Anthony G $65,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2023 03/09/23 Sold $77,000 -9.3% $122 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
12/21/2022 12/21/22 Price Changed $84,900 -5.6% $135 / Sq Ft
11/01/2022 11/01/22 Price Changed $89,900 -0.7% $143 / Sq Ft
10/04/2022 10/04/22 Price Changed $90,500 -2.2% $144 / Sq Ft
06/28/2022 06/28/22 For Sale $92,500 0.0% $147 / Sq Ft
06/28/2022 06/28/22 Off Market $92,500 -- --
03/29/2019 03/29/19 Sold $55,000 -15.3% $87 / Sq Ft View Prior Sale
03/19/2019 03/19/19 Pending -- -- --
10/23/2018 10/23/18 Price Changed $64,900 -7.2% $103 / Sq Ft
07/30/2018 07/30/18 For Sale $69,900 -- $111 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,676 $27,570 $6,170 $21,400
2023 $2,676 $25,160 $5,630 $19,530
2022 $2,507 $23,160 $5,180 $17,980
2021 $2,331 $21,590 $4,830 $16,760
2020 $2,189 $20,350 $4,550 $15,800
2019 $2,127 $20,350 $4,550 $15,800
2018 $2,117 $20,490 $4,580 $15,910
2017 $2,190 $20,490 $4,580 $15,910
2016 $1,540 $20,490 $4,580 $15,910
2015 $1,673 $20,490 $4,580 $15,910
2014 $1,651 $21,570 $4,820 $16,750
2013 $1,629 $21,570 $4,820 $16,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11448469

Midwest Real Estate Data (MRED)

APN: 93-21-17-453-130